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Why a Good Credit Rating is Important Even if You Don’t Use Credit

We hear a lot about how important it is to have a good credit rating. Indeed, we are often told that having good credit is important, but we aren’t told why. For those who prefer to use the money they already have, and do not want to be involved with credit, a good credit rating … Read more Why a Good Credit Rating is Important Even if You Don’t Use Credit

How to Challenge a Credit Application Denial

How to Challenge a Credit Application Denial 6

The credit crunch has resulted in increased difficulty with regard to borrowing money. Home loans, auto loans and even credit cards have been harder to get over the last couple of years. Things are starting to loosen up a bit, as evidenced by the offers reappearing in my mailbox, but many are still being denied … Read more How to Challenge a Credit Application Denial

How to Ask Your Friends and Family for a Business Loan

How to Ask Your Friends and Family for a Business Loan 10

Borrowing money from your friends and family can be a tricky business. The risk of ruining your relationship with the people who loan you money is probably one of the biggest concerns. Even if you have one of the best small business ideas on the planet, you need to think about how you ask folks … Read more How to Ask Your Friends and Family for a Business Loan

How to Prioritize Your Debt Repayment Plan

How to Prioritize Your Debt Repayment Plan 15

Everyone knows that healthy personal finances requires debt reduction. However, paying down debt can become discouraging when you have a great deal of it, from a variety of sources. Paying a little bit extra every month on each of your debts doesn’t seem to make a dent, thanks to high interest charges. Instead, you can … Read more How to Prioritize Your Debt Repayment Plan